CapitaLand Investment's fee revenue climbs 10% in Q1

Its listed funds management grew 14% YoY to $87m.

CapitaLand Investment Limited (CLI) reported fee-related revenue of $310m in the first quarter of 2026, up 10% year on year (YoY), driven by strong growth in its listed funds business.

It accounted for nearly 60% of total revenue, which stood at $487m in Q1, with the remainder from its investment business.

Revenue from CLI's real estate investment business (REIB) fell 14% YoY to $207m, down from $242m, primarily due to the absence of contributions following the August 2025 exit of the Synergy platform (US corporate housing) and the divestment of Dalian IT Park.

Within fee-related revenue, listed funds management grew 14% YoY to $87m, private funds management surged 58% to $41m, commercial management rose 3% to $98m, and lodging management remained stable at $84m.

The company's lodging arm, Ascott, recorded 3% growth in revenue per available unit (RevPAU) in Q1 2026, driven by a 3-percentage-point rise in occupancy.

Japan and Korea led growth with a 7% RevPAU increase. Ascott signed approximately 1,800 units and opened over 2,250 units during the quarter, with its Star Rewards membership base surpassing 8 million.

Meanwhile, the company raised approximately $2.5b in total equity across listed and private funds as of end-April 2026, in what it described as a more selective fundraising environment with investors prioritising quality and resilience.

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